This marks the third incident in the past month where Houthi missiles have targeted India-bound ships
18 Feb 2024 1:08 AM
The cause for worry comes from other factors that will come into play despite India’s comfortable position as a big and growing oil consumer
22 Sep 2023 12:00 AM
Indian companies have begun to pay for the import of Russian crude oil not in the dollar
19 Jul 2023 12:00 AM
The government has also cut the rate on export of diesel to Rs 5 per litre from Rs 8 per litre
16 Dec 2022 12:51 PM
The US said it is in touch with India on the matter and sent a thinly-veiled message
20 Mar 2022 6:55 AM
Russia has made the offer to India and many other countries after the US last week banned all Russian oil and gas imports
18 Mar 2022 11:37 PM
Asia's third-largest economy imported about 4.2 million barrels per day (bpd) of oil in May
24 Jun 2021 11:19 AM
Only the fertiliser industry continued to grow through the worst of the Covid months
31 Aug 2020 5:12 PM
Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery
06 Aug 2020 9:01 AM
The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd to global supply
30 Jul 2020 8:56 AM
Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery path is uneven
27 Jul 2020 2:21 PM
Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June
26 Jul 2020 4:17 PM
Industry group American Petroleum Institute reported U.S. crude inventories rose last week by 7.5 million barrels
22 Jul 2020 8:44 AM
OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July
06 Jul 2020 9:15 AM
The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal basis in nine years
02 Jul 2020 10:30 AM
The prospect of increased US crude production also kept a lid on gains on Friday
26 Jun 2020 9:25 AM
Oil products imports eased 0.8% to 3.57 million tonnes year-on-year, while exports rose by 5.9% to 5.75 million tonnes
21 Jun 2020 9:10 AM
OPEC panel will meet on Thursday to further discuss ways to strengthen and review compliance to curb oil production and support prices
17 Jun 2020 9:41 AM
U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels respectively in a week
09 Jun 2020 11:37 AM
OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output into July or August
03 Jun 2020 11:35 AM